lji@python.UUCP (L. Iacona) (01/04/86)
There's been a lot of discussion about the "No Down Payment", OPM, 200 Visa Card, etc. methods of buying real estate. This guy Ed Beckley (and friends) must be getting over on quite a number of people. He's been making a habit of bombarding late night TV with a full hour of his bull. On Saturdays he's on two different channels simultaneously! Beckley's OPM tapes at 295.00 a clip is ridiculous enough, but this Tim &*&*&* guy encouraging all who listened to apply for NO LESS THAN 202 visa cards is too much. I would love to see someone try to walk into a bank at 10 minutes to closing and demand $1000.00 on each one of 200 visas. I have never known a bank to grant more than 300.00 per card per visit. And even if the bank went for this, it would be financial suicide due to annual charges and loan shark interest rates. It's obvious that Mr. Beckley has made his fortune using the principal of OPI -- OTHER PEOPLE's IGNORANCE.... The only action one can take is to send him a skillfully written poison pen letter, which he will never lose any sleep over. Has anyone out there had, or know anyone who has had any experience with this Beckley character ? Louie Iacona PS A well written and FREE book at your local library called --- CASHLESS INVESTING IN REAL ESTATE by Cummings will give you everything Beckley's $295.00 tapes will. You can decide whether it's BULL or whether it's for you or not for FREE!